National Oxygen
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National Oxygen Limited’s board on July 15, 2026, withdrew a proposed preferential issue of 9,50,000 equity shares to promoter group entity Saraf Housing Development Private Limited, which had been approved by shareholders in May. The issue was priced at ₹93.80 per share and would have raised ₹8.91 crore, but the investor requested deferral after the company’s share price fell significantly, rendering the fixed issue price unviable. The company said it may revisit a fresh fundraising exercise when market conditions improve, and that the withdrawal will not immediately harm operations or its financial position.
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National Oxygen Limited’s board on July 15, 2026, withdrew a proposed preferential issue of 9,50,000 equity shares to promoter group entity Saraf Housing Development Private Limited, which had been approved by shareholders in May. The issue was priced at ₹93.80 per share and would have raised ₹8.91 crore, but the investor requested deferral after the company’s share price fell significantly, rendering the fixed issue price unviable. The company said it may revisit a fresh fundraising exercise when market conditions improve, and that the withdrawal will not immediately harm operations or its financial position.
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July 15 (Reuters) - National Oxygen Ltd NTOX.BO:
NATIONAL OXYGEN - BOARD APPROVES WITHDRAWAL OF PROPOSED PREFERENTIAL ISSUE ON JULY 15, 2026
Source text: ID:nBSE2DRYDF
Further company coverage: NTOX.BO
(([email protected];))
July 15 (Reuters) - National Oxygen Ltd NTOX.BO:
NATIONAL OXYGEN - BOARD APPROVES WITHDRAWAL OF PROPOSED PREFERENTIAL ISSUE ON JULY 15, 2026
Source text: ID:nBSE2DRYDF
Further company coverage: NTOX.BO
(([email protected];))
National Oxygen Ltd promoter and managing director Rajesh Kumar Saraf sold 166,678 equity shares, equivalent to a 3.31% stake, in open-market transactions on June 29 and 30, 2026. The sale fetched about Rs 84 lakh and brought his holding down from 37.11% to 33.80%. The disclosure was filed with the Bombay Stock Exchange on July 1 under SEBI’s insider-trading regulations. Saraf has been steadily trimming his stake in the nano-cap industrial gas manufacturer, with four disposals over the past month, and the cumulative reduction since early June now stands at over five percentage points.
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National Oxygen Ltd promoter and managing director Rajesh Kumar Saraf sold 166,678 equity shares, equivalent to a 3.31% stake, in open-market transactions on June 29 and 30, 2026. The sale fetched about Rs 84 lakh and brought his holding down from 37.11% to 33.80%. The disclosure was filed with the Bombay Stock Exchange on July 1 under SEBI’s insider-trading regulations. Saraf has been steadily trimming his stake in the nano-cap industrial gas manufacturer, with four disposals over the past month, and the cumulative reduction since early June now stands at over five percentage points.
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March 20 (Reuters) - National Oxygen Ltd NTOX.BO:
NATIONAL OXYGEN LTD - APPROVES ISSUE OF UP TO 950,000 EQUITY SHARES
Source text: ID:nBSE8PR09N
Further company coverage: NTOX.BO
(([email protected];))
March 20 (Reuters) - National Oxygen Ltd NTOX.BO:
NATIONAL OXYGEN LTD - APPROVES ISSUE OF UP TO 950,000 EQUITY SHARES
Source text: ID:nBSE8PR09N
Further company coverage: NTOX.BO
(([email protected];))
March 17 (Reuters) - National Oxygen Ltd NTOX.BO:
BOARD TO CONSIDER ISSUANCE OF UP TO 850,000 EQUITY SHARES BY PREFERENTIAL ISSUE
Source text: ID:nBSE6vHzrb
Further company coverage: NTOX.BO
(([email protected];))
March 17 (Reuters) - National Oxygen Ltd NTOX.BO:
BOARD TO CONSIDER ISSUANCE OF UP TO 850,000 EQUITY SHARES BY PREFERENTIAL ISSUE
Source text: ID:nBSE6vHzrb
Further company coverage: NTOX.BO
(([email protected];))
March 11 (Reuters) - National Oxygen Ltd NTOX.BO:
IN-PRINCIPLE APPROVAL FROM EXCHANGE FOR ISSUE OF 240,114 SHARES AT 130 RUPEES PER SHARE
GOT IN-PRINCIPLE APPROVAL TO ISSUE SHARES TO PROMOTERS ON A PREFERENTIAL BASIS
Further company coverage: NTOX.BO
(([email protected];))
March 11 (Reuters) - National Oxygen Ltd NTOX.BO:
IN-PRINCIPLE APPROVAL FROM EXCHANGE FOR ISSUE OF 240,114 SHARES AT 130 RUPEES PER SHARE
GOT IN-PRINCIPLE APPROVAL TO ISSUE SHARES TO PROMOTERS ON A PREFERENTIAL BASIS
Further company coverage: NTOX.BO
(([email protected];))
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Popular questions
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What does National Oxygen do?
National Oxygen Limited is a leading manufacturer and supplier of industrial gases in liquid and gaseous forms. Established in 1980, the company has a strong presence in the market and enduring client relationships.
Who are the competitors of National Oxygen?
National Oxygen major competitors are Kabsons Industries, Bhagawati Gas, Rajasthan Cyl.&Cont., Hilltone Software, Gagan Gases, Bhagawati Oxygen, Alang Inds Gas. Market Cap of National Oxygen is ₹31 Crs. While the median market cap of its peers are ₹10 Crs.
Is National Oxygen financially stable compared to its competitors?
National Oxygen seems to be less financially stable compared to its competitors. Altman Z score of National Oxygen is -0.19 and is ranked 8 out of its 8 competitors.
Does National Oxygen pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. National Oxygen latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has National Oxygen allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is National Oxygen balance sheet?
National Oxygen balance sheet is weak and might have solvency issues
Is the profitablity of National Oxygen improving?
The profit is oscillating. The profit of National Oxygen is ₹1.84 Crs for TTM, -₹7 Crs for Mar 2025 and -₹3.23 Crs for Mar 2024.
Is the debt of National Oxygen increasing or decreasing?
The net debt of National Oxygen is decreasing. Latest net debt of National Oxygen is ₹28.09 Crs as of Mar-26. This is less than Mar-25 when it was ₹29.54 Crs.
Is National Oxygen stock expensive?
National Oxygen is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of National Oxygen is 16.74, while 3 year average PE is 12.8. Also latest EV/EBITDA of National Oxygen is 0.0 while 3yr average is 43.55.
Has the share price of National Oxygen grown faster than its competition?
National Oxygen has given lower returns compared to its competitors. National Oxygen has grown at ~-40.36% over the last 1yrs while peers have grown at a median rate of -4.55%
Is the promoter bullish about National Oxygen?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in National Oxygen is 65.56% and last quarter promoter holding is 69.63%
Are mutual funds buying/selling National Oxygen?
There is Insufficient data to gauge this.